BRAEMAR SHIPPING SERVICES PLC

('Braemar', the 'Company' or the 'Group')

30 January 2020

Director / PDMR Shareholding

Braemar Shipping Services plc (LSE: BMS), a leading international provider of shipbroking, financial advisory, logistics and engineering services principally to the shipping and energy industries, announces that it has received notification of the acquisition of a total of 9,000 ordinary shares of 10 pence each in the Company ('Shares') by Ronald Series, Executive Chairman of the Company, with 5,000 Shares purchased at 213.99 pence each and 4,000 Shares at 209 pence each.

Following the transaction, Mr. Series' total holding of Shares (including those of persons closely associated with him) is 9,000 representing approximately 0.03% of the Company's issued ordinary share capital.

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

For further information, contact:

Braemar Shipping Services

Ronald Series, Executive Chairman

Tel +44 (0) 20 3142 4100

Nick Stone, Finance Director

Peter Mason, Company Secretary

finnCap

Matt Goode/ James Thompson/ Kate Washington

Tel +44 (0) 20 7220 0500

Buchanan

Charles Ryland / Victoria Hayns / Stephanie Watson / Matilda Abraham

Tel +44 (0) 20 7466 5000

Notes to Editors:

About Braemar Shipping Services plc

Braemar Shipping Services plc is a leading international provider of shipbroking, financial advisory, logistics and engineering services principally to the shipping and energy industries. Founded in 1972, Braemar employs approximately 530 people in 30 locations worldwide across its Shipbroking, Financial, Logistics and Engineering divisions.

Braemar joined the Official List of the London Stock Exchange in November 1997 and trades under the symbol BMS.

For more information, including our investor presentation, visitwww.braemar.com

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ronald Series

2

Reason for the notification

a)

Position/status

Executive Chairman

b)

Initial notification /Amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Braemar Shipping Services plc

b)

LEI

213800EV6IKTTHJ83C19

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 10p each

GB0000600931

b)

Nature of the transaction

Acquisition of ordinary shares of 10p each

c)

Price(s) and volume(s)

Price(s)

Volume(s)

213.99p

5,000 shares

d)

Aggregated information

- Aggregated volume

- Price

5,000 ordinary shares of 10p each

£10,699.50

e)

Date of the transaction

28 January 2020

f)

Place of the transaction

London Stock Exchange, Main Market

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 10p each

GB0000600931

b)

Nature of the transaction

Acquisition of ordinary shares of 10p each

c)

Price(s) and volume(s)

Price(s)

Volume(s)

209p

4,000 shares

d)

Aggregated information

- Aggregated volume

- Price

4,000 ordinary shares of 10p each

£8,360.00

e)

Date of the transaction

29 January 2020

f)

Place of the transaction

London Stock Exchange, Main Market

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Disclaimer

Braemar Shipping Services plc published this content on 30 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 January 2020 09:09:07 UTC